Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
Disclaimer: Market Analysis is published for informational purposes only and should not be considered as investment advice, recommendations, or suggestions for performing any action with financial instruments. The analysis belongs to their respective authors and “Brokers Watch” is not responsible for their content.
Type: Bearish MomentumKey Levels:Resistance: 1878.9Pivot: 1849.8Support: 1784.9Preferred Case:On the H4, with price moving in a descending trend channel and below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1849.8 in line with the 78.6% fibonacci retracement, to the 1st support at 1784.9 at the sing low in […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to continue growing and reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at […]
Investors are concerned about inflation, even Us yields are falling. Treasury yields in the United States fell for the second day in a row on Wednesday, as the market remained concerned about the Federal Reserve’s ability to control inflation without plunging the economy into recession. Fed Chairman Jerome Powell stated on Wednesday that there is […]
Type: Bearish MomentumKey Levels:Resistance: 1.0790Pivot: 1.0654Support: 1.0428Preferred Case:On the H4, with price recently breaking the ascending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 1.0654 in line with the 50% fibonacci retracement, to the 1st support at 1.0428 at the swing low in […]
Type: Bullish MomentumKey Levels:Resistance: 954.5Pivot: 921.1Support: 890.0Preferred Case:On the H1, price is moving above the ichimoku cloud and is moving along ascending trendline which supports our bullish bias that price will rise from the pivot at 921.1 where the overlap support and 50% fibonacci retracement are to the intermediate resistance at 944.3 where the -61.8% […]
And once again the BTC is very sensitive to mood swings in the US stock market. There is a correlation between S&P 500/NASDAQ and the BTC, which can be easily seen right now. This week, American exchanges are selling, so the major cryptocurrency has few chances to rebound. The BTC is falling towards $20,080 on […]
USDJPY is going around in circles; investors are ready to continue buying. The Japanese Yen is consolidating against the USD on Wednesday. The current quote for the instrument is 136.12. Nevertheless, this local calmness in the pair shouldn’t mislead anyone – the Yen does remain weak and further devaluation is just a question of time. […]
The summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the war in Ukraine. Despite the difficulty of achieving this, the Group of Seven countries believes […]
Type: Bearish MomentumKey Levels:Resistance: 134.850Pivot: 132.575Support: 130.275Preferred Case:On the H1, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 132.575 in line with the swing low support and 100% fibonacci projection. Once there is downside confirmation, we could expect price to drop to the […]
Type: Bullish RiseKey Levels:Resistance: 116.61Pivot: 111.20Support: 107.09Preferred Case:On the H1, price is moving above the ichimoku cloud and has broken the descending trendline which supports our bullish bias that price will drop and rise from the pivot at 111.20 where the overlap support is to 1st resistance at 116.61 in line with swing high resistance […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.2985. Later, the market may break this level […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 1.0555 and breaking this level, EURUSD continue falling towards 1.0494. Later, the market may grow to test 1.0555 from below and then resume falling with the target at 1.0440. GBPUSD, “Great Britain Pound vs US Dollar” Having finished the descending wave at 1.2233 and […]